Raheja Developers
 | |
| Formerly | Raheja Developers Private Limited |
|---|---|
| Company type | Private |
| Industry | Real estate |
| Founded | 1990 in Delhi, India |
| Founder | Navin Raheja |
| Headquarters | Saket, , |
Area served | National Capital Region |
Key people | Navin Raheja (Chairman and Managing Director) Nayan Raheja (Executive Director) |
| Website | www |
Raheja Developers Limited, (RDL), formerly Raheja Developers Private Limited, is an Indian real estate development company with its headquarters in Delhi, India. RDL was incorporated by Navin M. Raheja in 1990. The company has received several Euromoney awards, but has been subject to investigations and legal challenges on several occasions.
History
Raheja Developers Limited was incorporated by Navin Raheja in 1990.[1] The business has worked with contractors such as Aedas,[2] Callison, Lessard, Meinhardt Group,[3][4] WSP, Shapoorji-Pallonji,[5] and L&T.[6] Two of its joint-development projects were in collaboration with Tata Group.[7] It had also collaborated with Dubai-based Arabtec Construction.[8]
In 2008, Raheja Developers planned to build a Special Enterprise Zone (SEZ) in Gurgaon at an estimated cost of $660M US. The development was to be on a 255-acre (103 ha) site[9] but the project did not advance. The Government of India announced denotification of the SEZ project on 29 January 2014; the entire project was scrapped.[10]
In 2010 a raid by Indian Income Tax authorities led to a recovery of tax evasion amounting to ₹80 crore (US$9.6 million).[11]
In 2014 Raheja Developers were named in a sting operation relating to corruption by investigative portal Cobrapost.[12][13][14][15] Based on this, the Central Board of Direct Taxes, ordered a probe into Raheja and 34 other developers.[16][17]
In 2014, the Prime Minister of India's Office ordered a probe relating to alleged irregularities in a Gurgaon housing project named Raheja Atharva.[18]Subsequently, the State Level Expert Appraisal Committee investigated,[19] and 0.8 acres of the Atharva project was sealed as it was illegally constructed without any Environmental Clearances.[20]
Raheja launched a project in Sohna in January 2015 under the affordable housing policy of the Haryana Urban Development Authority (HUDA).[21][22]
Raheja Production
Raheja Productions is a film production house involved in producing nature documentaries as part of the corporate social responsibility activities of the company.[23][24]
Awards
References
- ^ "Business Week: Raheja Developers Ltd". Business Week. Retrieved 26 November 2014.
- ^ "Tata Housing to develop 200 lakh sq. ft". The Hindu. Retrieved 8 August 2008.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Lessard Design". Lessard Design.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Times of India Publications". Times of India.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Bhoomi Poojan of – RAHEJA SHILAS". MagicBricks. Retrieved 18 October 2010.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "RAHEJA ARANYA - OVERVIEW". Times of India. Retrieved 7 November 2013.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Rahejas to ink JVs with Tata Housing, 2 Dubai firms". Financial Express. Retrieved 1 November 2011.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Raheja forms JV with Dubai's construction firm Arabtec". Livemint. Retrieved 5 November 2011.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Raheja to invest Rs 4,500 cr to develop engg SEZ in Gurgaon". New Delhi. Press Trust of India. 20 August 2008. Retrieved 14 March 2015.
- ^ "Raheja Denotification" (PDF). SEZindia.nic.in. Govt of India. Retrieved 3 January 2016.
- ^ Saini, Manveer. "Tax evasion worth Rs 80cr unearthed". Times of India. Retrieved 5 January 2015.
- ^ "Operation Black Ninja". Cobrapost. Retrieved 11 December 2014.
- ^ "Raheja Developers BUSTED in Sting Operation By Cobrapost Regarding Black Money". Qubrex News. Retrieved 18 December 2014.
- ^ "Black money rampant in realty deals, reveals sting op". Times of India. Retrieved 11 December 2014.
- ^ "Cobrapost Stings Realtors". Business Standard. Retrieved 11 December 2014.
- ^ "Black Money: CBDT orders I-T Probe against select real estate firms". www.livemint.com. Mint. Retrieved 11 December 2014.
- ^ "Cobrapost sting: CBDT orders probe against real estate firms over black money allegations". Financial Express. Retrieved 11 December 2014.
- ^ Hussain, Shabana. "PMO asks Haryana to probe complaints against Raheja Developers". Forbes India Magazine. Retrieved 19 December 2014.
- ^ "Gazette of India" (PDF). Ministry of Environment, Forest and Climate Change. Retrieved 3 January 2016.
- ^ "SEAC Seals Site of Raheja Builder". Amar Ujala. Amar Ujala Newspaper. Retrieved 3 January 2016.
- ^ "List of Affordable Housing Licences in Haryana". Town & Country Planning, Haryana. Retrieved 13 February 2015.
- ^ "Affordable segment moves into focus as others". Indian Express. Retrieved 3 January 2015.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "For the record". The Pioneer (newspaper). Retrieved 13 September 2016.
- ^ Singh, Nidhi. "Chequebook CSR Will Never Give You Inner Peace: Navin Raheja | CSRLive". CSR Live. Retrieved 13 September 2016.
- ^ "DIPP circulates Cabinet note on relaxing FDI in housing sector". The Indian Express. 21 September 2013. Retrieved 6 February 2015.